As part of efforts to strengthen a sustainable economy, Malaysia recorded green investments totaling RM7.88 billion last year through various initiatives and incentives.
This investment includes projects in sectors such as renewable energy, energy-efficient buildings, waste management and low-carbon technologies supported through incentive frameworks such as the Green Investment Tax Allowance (GITA) and the Green Technology Financing Scheme (GTFS).
In addition, the organization of the International Green Technology and Eco Products Malaysia (IGEM) Conference and Exhibition has contributed more than RM10 billion in potential green investment since 2020.
The government explained that this amount also contributed to the creation of new job opportunities and stimulated local capacity development in the green industry, which is increasingly critical in facing the challenges of climate change.
While this achievement is considered positive, authorities and analysts emphasize that to achieve the goal of carbon neutrality by 2050, Malaysia needs to further expand the scale of green investments, strengthen supporting infrastructure and expand participation from the private sector and the community.
The government will next emphasize delivering policies that facilitate access to green investment, increase business awareness and enhance collaboration between public and private entities in accelerating the country's green transformation.
